Argentina’s Guzman has no Plans for ‘one Shot’ fix to Peso’s Problems

Guzman said Argentina, in recession since 2018 and headed for an expected 11-12% economic contraction this year, would pull out of recession in the first half of next year.

RIO DE JANEIRO, BRAZIL - Argentina’s currency crisis will not be resolved with a “one shot” fix, Economy Minister Martin Guzman told Reuters, indicating a continued slow decline for the peso rather than a sudden devaluation.

As the South American country suffers a biting economic slowdown, markets are closely watching the wide gap between the official rate and trades in alternative markets which has stoked speculation the peso could be allowed to fall sharply.

However, Guzman . . .

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